Going forward it is going to be a sharp fall in the next couple of months and the negative number can further increase for the months of November and December due to demonetisation, said Madan Sabnavis, Chief Economist at Care rat...

Factory output could get worse in the coming months with households putting off purchases and companies deferring investment hit by an economy-wide cash-crunch following the unexpected ban on Rs 500 and Rs 1,000 currency notes.

Officials fear the move will slow economic activity for much longer than originally expected, as millions of people continue to queue at banks and ATMs for cash and companies struggle to pay wages and suppliers.

India on Thursday scrapped its 10 percent import duty on wheat after droughts in the past two years depleted stocks and raised prices, a move traders said could lift overseas purchases to their highest in a decade.

A person making payment exceeding in aggregate of Rs 1 lakh a year to a non-resident, who does not has a permanent establishment in India, for online advertisement has to withhold 6 per cent of the amount paid as Equalisation Levy...

"It has been decided to print banknotes based on plastic or polymer substrate. The process of procurement has been initiated," Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha to a query whether...

According to the global financial services firm, the currency replacement programme is a roadblock in the short term and GDP growth for the quarters ending December and March is expected to slow down by around 50-75 bps.

Possible US Fed rate hike, OPEC decision to cut crude production and redemption of FCNR deposits are causing volatility in the rupee. Here is a quick video to help you understand why the rupee is falling.

Modi's announcement on November 8 that he was withdrawing 500 and 1,000 rupee bank notes in an attempt to curb corruption and tax evasion made it much harder for consumers to make purchases in the predominantly cash-based economy.

"Our 2017 outlook on more than three-quarters of the banks in the region is negative. Though earnings and capital buffers are generally strong enough to withstand these trends, we expect viability ratings to remain under pressure ...

Less than a month after the government demonetised old Rs 500 and 1000 notes in its biggest step to fight black money, corruption and counterfeit currency, nearly Rs 11.85 lakh crore out of the Rs 15.44 lakh crore junked notes wer...

"The much-awaited package for the made ups sector approved by the Union Cabinet with the primary objective of creating large scale direct and indirect employment to employ upto 11 lakh persons over the next three years in this sec...

The Indian economy in the past 10 years has well been brought back on track by Prime Minister Narendra Modi, from where former BJP Prime Minister Atal Bihari Vajpayee had left, he said in a recorded message to IIT Jodhpur students...

There is a need to convince the public to take the digital route for making transactions, says Arvind Panagariya, Vice Chairman of NITI Aayog. But the issue of cyber security remains and will be looked into, he adds.

Hasmukh Adhia, the bureaucrat, and five others privy to the plan were sworn to utmost secrecy, say sources with knowledge of the matter. They were supported by a young team of researchers working in two rooms at Modi's New Delhi r...

The partnership will endure due to the commitment to building on the tremendous progress already made to help make India's cities smart, efficient, and prepared for sustainable growth in the decades ahead, Carlson said.

Over the last one month, the government has taken a number of steps to ease the impact of the note ban. ATM withdrawal limit, which was initially set at 2000 rupees per day has since been revised to 2500 rupees a day. Over-the-cou...

The GST Council may in future
decide to reduce the tax slabs under the Goods and Services
Tax regime after analysing the revenue garnered and the
compensation payouts to states, a top official said today.